HSBC Holdings plc Sustainability Report 2007

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Accounting for Sustainability HSBC: Climate, waste and resource impact Greenhouse gas emissions • CO 2 emissions Cash flow performance 2005 US$m 2006 US$m 2007 US$m - offset expenditure 11.4 † - HSBC Global Environmental Efficiency Programme sustainability expenditure on green travel - Global Environmental Efficiency Programme sustainability expenditure on energy reduction - Environmental target-driven savings from reduced offset costs † Total for 2005-07 2.0 21.0 0.8 0.9 Waste • Non-hazardous waste - Total disposal cost* n/a n/a n/a - Global Environmental Efficiency Programme sustainability expenditure (to be included from 2008) *Expenditure on waste reduction and recycling initiatives is incorporated in HSBC’s Corporate Real Estate business-as-usual budget and is not included in HSBC’s Global Environmental Efficiency Programme. Resource usage • Water usage - Operating expenditure* n/a n/a n/a - Environmental target-driven savings - Global Environmental Efficiency Programme sustainability expenditure (to be included from 2008) *Expenditure on waste reduction and recycling initiatives is incorporated in HSBC’s Corporate Real Estate business-as-usual budget and is not included in HSBC’s Global Environmental Efficiency Programme. Energy intensity 0.2 0.7 - Operating expenditure 191 238 269 - Global Environmental Efficiency Programme sustainability expenditure on energy reduction* - Environmental target-driven savings from improved efficiency * This figure does not include environmental target expenditure (to be included from 2008). • Environmental incidents - Fines 21 5.5 10.5 CO 2 emissions ‘000 tonnes 1000 800 600 400 200 80 60 40 20 0 0 2005 2006 2007 Total CO 2 emissions CO 2 offset Non-hazardous waste ‘000 tonnes Water usage Tonnes per person 3.00 2.50 2.00 1.50 1.00 0.50 CO 2 emissions per person 2005 2006 2007 Waste disposed Waste recycled 0 Tonnes per person Waste disposed per person 0.12 0.11 0.10 ‘000 m 3 per person 4,800 20.0 4,600 15.0 4,400 4,200 10.0 4,000 5.0 3,800 3,600 0 2005 2006 2007 Total water consumption m 3 per person Energy intensity 2,000 1,500 1,000 500 GWh 0 2005 2006 2007 Green electricity Brown electricity m 3 0 kWh per person 7,000 6,000 5,000 4,000 3,000 2,000 1,000 Energy consumption per person Primary fuel sources 0 20 HSBC Holdings plc Sustainability Report 2007
The Prince of Wales’s Accounting for Sustainability Project seeks to develop systems to help public and private sector organisations assess the wider social and environmental costs of their activities. HSBC participated in the development of the ‘connected reporting framework’, which proposes a new approach for reporting an organisation’s environmental footprint and its financial impact more clearly and concisely. This framework, including HSBC’s input, is presented on these pages. result of business growth in Hong Kong and India, and increased reporting coverage for the Middle East and one Group Service Centre. However, carbon dioxide emissions per full-time employee equivalent rose by 4 per cent* during the same period and energy consumption per full-time employee equivalent remained flat. Carbon dioxide emissions resulting from business travel dropped by 9 per cent* because less use was made of short-haul flights and road transport. HSBC’s total carbon dioxide emissions rose by 10 per cent in 2007. This increase was due to higher energy consumption across the Group as a Targets Carbon dioxide emissions HSBC achieved a 27.4 per cent reduction in carbon dioxide emissions against a 5 per cent target based on energy use and monitored on a static portion of the portfolio from 2005-07. This result was achieved by: • Reductions of 26 per cent in France • Sourcing of cleaner electricity in Hong Kong and the UK • Purchase of renewable energy certificates in the US Waste HSBC achieved a 16.1 per cent reduction of waste produced against an 8 per cent target. This result was achieved by: • Reductions of over 20 per cent in France, the USA, Canada and Brazil • Awareness-raising programmes and recycling infrastructure and facilities in the UK, Hong Kong, Argentina, Ireland, South Korea, Malaysia and Taiwan • Re-tendering waste contracts to include specific clauses that maximise reduction and recycling opportunities Water HSBC achieved a 6.8 per cent reduction in water consumption against a 7 per cent target. This result is due to: • USA and Canada increasing water consumption by 23 per cent due to increased employee numbers and a need for greater cooling capacity in offices • France reducing its consumption by only 3 per cent against its target of 10 per cent • Reductions of almost 30 per cent in Mexico and Brazil and 12 per cent in Argentina, in response to severe droughts in 2006, and the resultant staff awareness programmes Energy HSBC achieved only a 6 per cent reduction in energy use against a 7 per cent target. This result is due to: • Mexico and Brazil recording increases of 2 per cent because of greater use of air conditioning • The UK and France exceeding their respective targets of 9 per cent and 2 per cent due to improving efficiency and replacing air conditioning, heating and ventilation equipment * Calculated using non-scaled up data, which does not include renewable energy certificates. Customer and supplier impacts Carbon dioxide emissions HSBC has set a new carbon dioxide reduction target of 6 per cent for 2008-11. This will be achieved by: • Measuring and monitoring of HSBC’s carbon footprint • Reducing energy consumption and improving energy efficiency • Procuring green tariff energy • Buying verified emission reduction offsets • Continue to reduce carbon dioxide emissions from business travel. Waste HSBC has set a new waste reduction target of 10 per cent for 2008-11. This will be achieved by: • Providing redundant marketing material, furniture and IT equipment to schools and charities • Recycling and disposing of disused electrical equipment in offices and branches across Europe in line with EU legislation • Reducing waste at source and recycling it within our branch and office network • Spending US$2.6 million on over 60 initiatives by 24 entities to reduce the amount of waste sent to landfill sites Water HSBC has set a new target of 11 per cent for reducing water consumption for 2008-11. This will be achieved by: • Continuing to design and operate buildings to external benchmarks such as Building Research Establishment Environmental Assessment Method and the Green Building Council’s Leadership in Energy and Environmental Design • Support awareness-raising programmes across HSBC’s operations in conjunction with local environmental groups. Energy HSBC has set a new target of 8 per cent for reducing energy use for 2008-11. This will be achieved by: • Spending almost US$90 million on 300 initiatives • Designing all new Group data centres to local green building standards such as Building Research Establishment Environmental Assessment Method and the Green Building Council’s Leadership in Energy and Environmental Design • Conducting environmental audits on existing data centres HSBC Holdings plc Sustainability Report 2007 21
Page 1 and 2: Sustainability Report HSBC Holdings
Page 3 and 4: Executive Summary From Corporate Re
Page 5 and 6: Group Chairman’s Introduction hou
Page 7 and 8: Carbon dioxide emissions by region
Page 9 and 10: of HSBC Holdings and independent me
Page 11 and 12: Stakeholder Engagement To be recogn
Page 13 and 14: Customers Customer service and sati
Page 15 and 16: information and research to investo
Page 17 and 18: Business Development HSBC’s role
Page 19 and 20: into its business. We are involved
Page 21: Supply Chain Management overview HS
Page 25 and 26: Loans by region 2007 No. Loans by i
Page 27 and 28: Forestry Background Forests cover 3
Page 29 and 30: Employees HSBC is committed to the
Page 31 and 32: Community Investment We believe tha
Page 33 and 34: Key Facts Units 2007 2006 2005 2004
Page 35 and 36: Carbon dioxide emissions by region
Page 37 and 38: • General improvements to the str
Page 39: HSBC Holdings plc 8 Canada Square,

HSBC Holdings plc Sustainability Report 2007

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